Bank of America Corp DE Makes New Investment in Aya Gold & Silver Inc. $AYA

Key Points

• Bank of America acquired 736,541 Aya Gold & Silver shares worth approximately $13.95 million, representing about 0.51% of the company. Several other major institutional investors also initiated positions during the second quarter.
• Analyst sentiment is generally positive: Zacks Research upgraded the stock to “strong buy,” while MarketBeat reports an overall average rating of “Buy” from analysts.
• Aya Gold & Silver shares opened at $28.47, near their 52-week high of $30.67. The company reported quarterly EPS of $0.23, missing the $0.36 consensus estimate, despite a 32.92% net margin and 25.49% return on equity.

Bank of America Corp DE acquired a new position in shares of Aya Gold & Silver Inc. (NASDAQ:AYA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 736,541 shares of the company's stock, valued at approximately $13,950,000. Bank of America Corp DE owned about 0.51% of Aya Gold & Silver at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AYA. Caisse de depot et placement du Quebec bought a new stake in shares of Aya Gold & Silver during the second quarter worth $2,486,000. Man Group plc bought a new position in Aya Gold & Silver during the 2nd quarter valued at $3,033,000. Legal & General Group Plc bought a new position in Aya Gold & Silver in the 2nd quarter valued at $2,444,000. The Manufacturers Life Insurance Company bought a new position in Aya Gold & Silver during the second quarter valued at $2,924,000. Finally, Cibc World Market Inc. bought a new stake in shares of Aya Gold & Silver during the 2nd quarter valued at $1,509,000.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Zacks Research upgraded Aya Gold & Silver from a "hold" rating to a "strong-buy" rating in a report on Monday, July 13th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Aya Gold & Silver in a research report on Monday, August 31st. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy".

Aya Gold & Silver Price Performance

Shares of AYA opened at $28.47 on Friday. The stock has a market cap of $4.10 billion and a price-to-earnings ratio of 50.84. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.70 and a current ratio of 2.02. Aya Gold & Silver Inc. has a 1 year low of $15.84 and a 1 year high of $30.67. The firm's 50 day moving average is $25.88.

Aya Gold & Silver (NASDAQ:AYA - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.13). Aya Gold & Silver had a return on equity of 25.49% and a net margin of 32.92%. On average, sell-side analysts anticipate that Aya Gold & Silver Inc. will post 1.06 earnings per share for the current year.

About Aya Gold & Silver

Aya Gold & Silver Inc is a Canadian mining and mineral exploration company focused on the acquisition, development, and operation of precious- and base-metal properties in Morocco. The company's primary product is silver, with additional exploration potential for gold, copper, lead, and zinc.

Aya's flagship asset is the Zgounder Silver Mine, a high-grade underground operation in central Morocco. The company has expanded the mine and processing facilities to increase production capacity, while continuing exploration to extend mineral resources and mine life.

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